Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

Particulars

Quarter Ended

n++

Jun. 2016

Jun. 2015

% Var.

Sales

921.19

2846.84

-68

OPM %

24.96

9.91

-

PBDT

295.07

184.13

60

PBT

142.32

49.92

185

NP

315.48

44.10

615

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Mastek allots equity shares

Oct 17,2016

Mastek announced that at a meeting of Stakeholder Relationship Committee (SRC) of the Board of Directors of the Company, held on 17 October 2016. SRC has allotted 48,399 Equity Shares of Rs. 5/- each (Face Value) to the eligible employees who exercised their vested options under the Companys Employee Stock Option Schemes (ESOP). The said equity shares shall rank pari-passu with the existing equity shares of the Company in all respects.

Resultantly, the paid up share capital of the Company stands increased to 2,32,91,519 Equity Shares amounting in aggregate to Rs. 11,64,57,595/-.

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Dr Agarwals Eye Hospital to hold board meeting

Oct 17,2016

Dr Agarwals Eye Hospital will hold a meeting of the Board of Directors of the Company on 26 October 2016 to consider, approve and take on record the unaudited financial results for the Quarter and Six months ended September 30, 2016.

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Somany Ceramics to hold board meeting

Oct 17,2016

Somany Ceramics will hold a meeting of the Board of Directors of the Company on 26 October 2016 The Un-Audited Financial Results for the quarter and six months ended September 30, 2016.

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Deepak Nitrite to hold board meeting

Oct 17,2016

Deepak Nitrite will hold a meeting of the Board of Directors of the Company on 26 October 2016 to consider and approve the Un-audited Financial Results of the Company for the Quarter and Half Year ended September 30, 2016.

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VST Industries to hold board meeting

Oct 17,2016

VST Industries will hold a meeting of the Board of Directors of the Company on 1 November 2016 to consider and approve the unaudited financial results of the Company for the quarter and half year ended September 30, 2016.

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Grindwell Norton to hold board meeting

Oct 17,2016

Grindwell Norton will hold a meeting of the Board of Directors of the Company on 3 November 2016 to consider and approve the unaudited financial results of the Company for the second quarter ended September 30, 2016.

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Sacheta Metals appoints director

Oct 17,2016

Sacheta Metals announced that the Board of Director of the Company by Circular Resolution dated 13 October 2016 has appointed Kalyan C. Shah, Independent Director of the Company as a Member of the Nomination and Remuneration Committee in compliance with Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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eClerx Services gains after setting record date for share buyback

Oct 17,2016

The announcement was made during market hours today, 17 October 2016.

Meanwhile, the S&P BSE Sensex was down 130.69 points, or 0.47%, to 27,542.91

On BSE, so far 5,233 shares were traded in the counter, compared with average daily volume of 6,391 shares in the past one quarter. The stock hit a high of Rs 1,599 and low of Rs 1,533.55 so far during the day. The stock hit a record high of Rs 1,775 on 30 August 2016. The stock hit a 52-week low of Rs 1,190 on 28 March 2016. The stock had outperformed the market over the past 30 days till 14 October 2016, falling 1.07% compared with Sensexs 2.6% fall. The scrip also outperformed the market in past one quarter, rising 3.97% as against Sensexs 0.59% decline.

The mid-cap company has equity capital of Rs 40.88 crore. Face value per share is Rs 10.

eClerx Services said that the share buyback committee of board of directors of the company at its meeting held on Friday, 14 October 2016, has determined the final buyback price of Rs 2,000 per share and the final amount for buyback to be Rs 234 crore. With the buyback price of Rs 2,000 per share and buyback size of Rs 234 crore, the total number of shares to be bought back in the buyback shall be 11.70 lakh equity shares, representing about 2.87% of the total issued and paid-up equity capital of the company as on 31 March 2016. The company will buy back shares on proportionate basis from existing shareholders through the tender offer route. The announcement was made on Saturday, 15 October 2016.

On a consolidated basis, net profit of eClerx Services rose 27.25% to Rs 95.92 crore on 14.09% rise in net sales to Rs 340.33 crore in Q1 June 2016 over Q1 June 2015.

Entertainment Network (India) commences broadcast from Lucknow radio station

Oct 17,2016

Entertainment Network (India) announced that the Company has on 17 October 2016 commenced broadcast from its radio station at Lucknow (2nd channel - 107.2 FM - acquired under Phase 3 auctions held last financial year).

White Diamond Industries commences commercial operations of first retail outlet for its new venture of organic food retailing in Chembur, Mumbai.

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IFCI announces change in lending rate

Oct 17,2016

IFCI has reduced its Short term Benchmark Rate (IBR-ST) from 9.30% p.a. to 8.50% p.a. with monthly rests for lending for tenure upto 3 months only w.e.f. 17 October 2016.

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Ultramarine & Pigments gets ratings assigned for bank facilities

Oct 17,2016

Ultramarine & Pigments has obtained credit rating from ICRA. ICRA has assigned a long term rating of [ICRA] A to the Companys long term fund based limits of Rs.12.75 crore and also a short term rating of [ICRA] A1 to non-fund based facility of Rs.2.25 crore respectively.

Net profit of Kunststoffe Industries reported to Rs 0.07 crore in the quarter ended September 2016 as against net loss of Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 38.89% to Rs 0.75 crore in the quarter ended September 2016 as against Rs 0.54 crore during the previous quarter ended September 2015.

Net profit of Alufluoride rose 34.21% to Rs 1.02 crore in the quarter ended September 2016 as against Rs 0.76 crore during the previous quarter ended September 2015. Sales rose 9.02% to Rs 9.19 crore in the quarter ended September 2016 as against Rs 8.43 crore during the previous quarter ended September 2015.

Net profit of Jay Bharat Maruti rose 30.23% to Rs 13.31 crore in the quarter ended September 2016 as against Rs 10.22 crore during the previous quarter ended September 2015. Sales rose 11.38% to Rs 347.80 crore in the quarter ended September 2016 as against Rs 312.27 crore during the previous quarter ended September 2015.